Monoethylene Glycol Market Segmentation:
End user Segment Analysis
The textile segment is predicted to capture over 46.1% monoethylene glycol market share by 2035. The consistent demand for advanced and innovative materials in textile and apparel manufacturing is augmenting the sales of monoethylene glycol. The boasting demand for polyester fibers and fabrics is propelling the application of monoethylene glycol in apparel production. The growth in the textile industry directly influences monoethylene glycol consumption.
Application Segment Analysis
PET is the most dominating segment in the monoethylene glycol market owing to its high demand across various end use industries. Monoethylene glycol’s increasing use in PET product manufacturing is positively backing the overall market growth. PET bottles and containers are widely being used at commercial as well as consumer scales. In the food and beverage sector, PET products are majorly used for safe and leak-free transportation. To store food grains or other related items, many consumers are using PET products. Thus, the increasing popularity of PET bottles and containers is foreseen to uplift the sales of monoethylene glycol in the years ahead.
Our in-depth analysis of the global monoethylene glycol market includes the following segments:
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